About PLFS In India, the National Sample Survey Organisation (NSSO) has been quinquennially collecting data on employment and unemployment but from 2017 onwards, the Periodic Labour Force Survey (PLFS) was launched by the NSSO. It aimed to provide quarterly employment …
Background Last month, as a part of the Aatmanirbhar Bharat package, Finance Minister Nirmala Sitharaman announced several measures to tide over the challenge posed by the COVID-19 pandemic. New Public Sector Enterprise Policy The Finance Minister said the government …
What is a Rating Agency? A rating agency is a company that assesses the financial strength of companies and government entities, especially their ability to meet principal and interest payments on their debts. The rating shows an agency’s level of …
Background Recently, the government decided to change the basic definition of MSME and also end the difference between the manufacturing and services sector. Till now, MSMEs are categorised based only on the investment in machinery or equipment. The new classification …
Background In March 2020, to boost large-scale electronics manufacturing in India, the Union Cabinet approved three schemes with a total outlay of almost Rs 48,000 crore. The three schemes together will enable large-scale electronics manufacturing, a domestic supply chain ecosystem …
Self reliance since independence Just after independence In the decades following independence, self-reliance in state-run heavy industries and strategic sectors had placed India ahead of most developing countries. In 1970s and 80s India’s industrial ecosystem was characterised by …
What’s in the news? Following is an analysis of economic impact due to COVID-19 pandemic by Professor of Economics Santosh K Mehrotra. Worse than 2008 crisis Comparing the present situation with the pre-2008 crisis, he said, the current situation is …
About GST Council It is a constitutional body created by Article 279A (1). It is a joint forum of the Centre and the States with regards to GST. Composition of GST Chairperson – Union Finance Minister Members: Union Minister of …
About ICI The monthly Index of Eight Core Industries (ICI) is a production volume index. The objective of the ICI is to provide an advance indication on production performance of industries of ‘core’ nature before the release of Index of …
Gross Domestic Product Gross Domestic Product (GDP) is defined as the value of all final goods and services produced within the country in a particular year. GDP as an economic indicator is used worldwide to show the economic health of …